Tag: Africa Banking

A 27-year-old graduate with a degree in business management specializing in entrepreneurship, Arlette Ophélia Koffi is currently putting the finishing touches to her business Ivoire Myciculture Distribution (IMD). The start-up began to take shape when a friend pointed her towards the Youth Employment Agency (AEJ) Attached to the country’s Ministry for Youth, the agency launched a campaign to recruit young… Read More

There is growing interest in Japan by the government, parliamentarians, mega companies and startups to invest more in Africa. As a delegation from the African Development Bank Group led by President Dr Akinwumi Adesina visited Japan to showcase the enormous investment opportunities on the continent, the Prime Minister of Japan Fumio Kishida, was leading his country’s charge with a tour… Read More

What:             Launch of the 2023 African Economic Outlook (AEO) report Who:              African Development Bank President Akinwumi Adesina; African finance ministers and central bank governors; and international development partners When:           Wednesday, 24 May, 14.00 – 15.30 Egypt time (GMT+3) Where:          The Capital, Sharm El Sheikh International Convention Centre and online The African… Read More

The African Development Bank Group, on 9 May 2023, announces a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. engaged in fraudulent practices… Read More

Viviane Kakou, who has a master’s degree in geography, didn’t want to spend her career in an office. She chose agriculture out of passion. Thanks to the African Development Bank, her dream of becoming an agricultural entrepreneur is taking shape.  “When I was studying for my degree,” she explains, “I was working on the rural economy among women in Afféry,… Read More

Togo: Women now give birth under better conditions in many localities thanks to the African Development Fund and the European Union’s support | African Development Bank – Building today, a better Africa tomorrow /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– //–><!—-> African Development Bank Group Read More

On Wednesday, 24 April 2023, the Board of Directors of the African Development Bank Group approved a $110 million loan to Mauritius to bolster the country’s electricity infrastructure. Mauritius will use the funds to build four new Gas-Insulated Switchgear (GIS) substations and rehabilitate six existing outdoor substations with indoor GIS technology. The project will improve the capacity and stability of… Read More

The average annual GDP (Gross Domestic Product) growth in Africa was 3.4% between 2010 and 2021, according to African Development Bank data. This is well below the targeted yearly average growth of 7%. Combined with population growth, GDP per inhabitant has barely changed.   At the same time, average purchasing power in Africa has deteriorated due to inflation, which has accelerated… Read More

African Development Bank Group president Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward to working together with him to tackle current global challenges, including climate change. Banga, 63, was confirmed by the World Bank’s board of governors on Wednesday to serve a five-year term… Read More

The present and the future belong to your generation, African Development Bank President tells 2023 graduating class of Calvin University | African Development Bank – Building today, a better Africa tomorrow /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– //–><!—-> African Development Bank Group Read More